Global Precision Farming Market Report 2019: 2018 Market Trends, 2019 Estimates & CAGR Projections through 2024

DUBLIN, Dec. 9, 2019 /PRNewswire/ -- The "Global Markets for Precision Farming" report has been added to ResearchAndMarkets.com's offering.

The report defines precision farming (also known as precision agriculture or satellite farming) as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.

Precision farming includes various hardware technologies such as automated systems, control systems, sensing and monitoring devices as well as software solutions such as farm management software. In precision farming, software and hardware works in conjunction; a fool-proof precision farming tool/system will have multiple hardware and software solutions seamlessly integrated and working together.

The scope of this report covers the global market for precision farming technologies for various end-user application industries. The market is broken down by technologies, type, end-use and region and are further discussed in detail. Revenue forecasts from 2019 to 2024 are given for each market segment as well as regional markets with estimated values derived from manufacturers' total revenues.

The report also includes a discussion of the major players across each regional market. Further, it explains the major drivers and regional dynamics of the market and current trends within the industry.

The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors.

Detailed inclusions:

• The publisher defines precision farming technologies (also known as precision agriculture or satellite farming) as a farming management concept that utilizes software and hardware for observing, measuring and responding to intra-field variability in crops, resulting in better crop management and more effective output.
• The report covers hardware and software revenue of companies active in the market. The report also covers companies in specific segments such as drones, imaging, etc.
• Large technology and hardware manufacturers (drones, sensors, imaging, etc.) that do not have product specifically for the precision farming market are out of scope of this report.
• The report excludes standalone service providers and revenue from those providers. This may include services such as consulting, education, post sales services, etc.
• Revenue forecasts from 2019 to 2024 are given for each market segment, and regional market with estimated values are derived from manufacturers' total revenues (which includes hardware, software and services).

The report begins by introducing the reader to how the market for precision farming technologies has evolved over time and how various factors are impacting the market.

Report Includes:

• 52 data tables and 10 additional tables
• Detailed overview of the global precision farming technologies market
• Analyses of the global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
• Discussion of major factors, advancements in agriculture technologies, regional trade analysis, and changing regulatory dynamics that influence the demand of this evolving market
• Emphasis on challenges faced by this market, such as high initial implementation and maintenance cost, and lack of skilled personnel in certain regions
• Coverage of hardware (equipment, tools and devices etc.), associated software (e.g. farm management software) and services revenue of the covered companies
• A relevant patent analysis covering latest significant developments in agriculture technology
• Profiles of leading market participants within the sector. Major players including AGDATA, Buhler Industries Inc., Deere & Co., DuPont, EXEL Industries SA, Intelligent Agricultural Solutions LLC, Raven Industries Inc., and Yara International Inc.

Key Topics Covered:

Chapter 1 Introduction

• Study Goals and Objectives
• Reasons for Doing This Study
• Scope of Report
• Information Sources
• Methodology
• Geographic Breakdown
• Analyst's Credentials
• Custom Research
• Related Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

• Evolution of the Precision Farming Technology Market
• Technology Roadmap of Precision Farming
• Various Technologies Used in the Precision Farming Market
• Guidance Systems
• Remote Sensing Technology
• Variable Rate Technology (VRT)
• New Opportunities in the Precision Farming Technologies Market
• Adoption of Autonomous Machines
• High-throughput Plant Phenotyping (HTPP)
• Cobotics
• IoT in Precision Farming
• Various Stakeholders in the Precision Farming Technologies Market
• Agricultural OEM
• Suppliers
• Seed Producers
• IT/Big Data Companies
• Advanced Solution Providers
• Research Centers
• Investment Funds
• IoT and Related Space
• Growth Forecast of the Precision Farming Technologies Market
• Major Market Forces
• Focus on Sustainable Agriculture
• Need to Serve an Ever-Increasing Population
• Need to Improve Efficiency and Productivity
• Measurable Business Benefits
• Availability of Low-Cost Tools and Solutions
• Reduce Greenhouse Gas (GHG) Emissions
• Key Buying/Selection Criteria
• Initial Cost (Implementation Cost)
• Payback Period
• Ease of Understanding/Usage
• Feature Availability
• Portfolio of Offerings
• Technological Advancement
• Integration Ability
• Key Strategies in the Precision Farming Technologies Space
• Mergers and Acquisition
• Partnerships
• Innovation
• Focus on Expansion into Emerging Regions
• Wider Portfolio of Offerings

Chapter 4 Global Market for Precision Farming Technologies, by Type

• Guidance System Technologies
• Remote Sensing and Control Systems
• Variable Rate Technology (VRT)
• Map-Based Variable Rate Applications
• Sensor-Based Variable Rate Applications
• Variable Rate Seeding

Chapter 5 Global Market for Precision Farming Technologies, by Component

• Hardware Segment
• Automation and Control Systems
• Sensing and Monitoring Devices
• Software Segment
• Farm Management Software

Chapter 6 Global Market for Precision Farming Technologies, by Application

• Yield Monitoring
• Soil Monitoring
• Soil Fingerprinting
• Variable Rate Applications
• Map-Based
• Sensor-Based
• Field Mapping
• Software Applications
• Others

Chapter 7 Global Market for Precision Farming Technologies, by Region

• North America
• United States
• Canada
• Mexico
• Europe, Middle East and Africa (EMEA)
• Germany
• France
• Italy
• U.K.
• Spain
• Special Case: The Netherlands
• Middle East and Africa
• Asia-Pacific (APAC)
• Australia
• Japan
• China
• New Zealand
• Analysis of Key Geographies

Chapter 8 Industry Structure and Patent Analysis

• Key Trends in the Market for Precision Farming Technologies
• Increasing Use of UAVs
• Strong Expected Growth of Weather Tracking and Forecasting
• Continued Growth and Acceptance in Emerging Regions
• Continued Partnerships and Acquisitions
• Strong Investment Momentum
• Continued Advancement of Automation
• Venture Capital Funding and Investments
• Mergers and Acquisitions
• Technological Development and New Technology Acquisition
• Geographic Expansion
• Expansion into New Categories
• Industry Challenges and Concerns
• Technological Acceptance and Know-how
• Integration Issues and Challenges
• High Initial Implementation Cost
• Maintenance Issues and Costs
• Patent Activity

Chapter 9 Company Profiles

• Aerial Technology International (Ati)
• AG Leader Technology Inc.
• Ag-Nav Inc.
• Agco Corp.
• Agdata
• Ageagle Aerial Systems Inc.
• Agerpoint Inc.
• Agjunction Inc.
• Agrian Inc.
• Agrible Inc.
• Agridata Inc.
• Basf Se
• Buhler Industries Inc.
• Cropx Ltd.
• Deere & Co.
• Dronedeploy
• Dupont
• Esri
• Exel Industries Sa
• Farmers Edge Precision Consulting Inc.
• Intelligent Agricultural Solutions Llc
• Lindsay Corp.
• Monsanto Co.
• Mts Systems Corp.
• Nozzleworks Inc.
• Phytelligence Inc.
• Precision Planting Inc.
• Precisionhawk
• Raven Industries Inc.
• Soyl
• Teejet Technologies
• Topcon Corp.
• Trimble Navigation Ltd.
• Yara International Asa

For more information about this report visit https://www.researchandmarkets.com/r/29j2p6

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